State Street Corp Has $3.98 Billion Holdings in Simon Property Group, Inc. $SPG

State Street Corp cut its position in Simon Property Group, Inc. (NYSE:SPG) by 1.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,485,654 shares of the real estate investment trust’s stock after selling 279,838 shares during the period. State Street Corp owned 0.07% of Simon Property Group worth $3,977,209,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stance Capital LLC acquired a new position in shares of Simon Property Group during the third quarter worth approximately $26,000. Tompkins Financial Corp acquired a new position in shares of Simon Property Group during the fourth quarter worth approximately $42,000. Cullen Frost Bankers Inc. lifted its position in shares of Simon Property Group by 79.3% during the fourth quarter. Cullen Frost Bankers Inc. now owns 251 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 111 shares in the last quarter. Camelot Portfolios LLC acquired a new position in shares of Simon Property Group during the fourth quarter worth approximately $53,000. Finally, Sfam LLC acquired a new position in shares of Simon Property Group during the fourth quarter worth approximately $57,000. 93.01% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

SPG has been the topic of a number of research reports. Citigroup upped their target price on shares of Simon Property Group from $189.00 to $205.00 and gave the stock a “neutral” rating in a research report on Thursday, May 14th. Stifel Nicolaus upped their target price on shares of Simon Property Group from $185.00 to $194.00 and gave the stock a “hold” rating in a research report on Tuesday, May 12th. Morgan Stanley upped their target price on shares of Simon Property Group from $205.00 to $207.00 and gave the stock an “equal weight” rating in a research report on Tuesday. Barclays upped their target price on shares of Simon Property Group from $201.00 to $212.00 and gave the stock an “equal weight” rating in a research report on Tuesday, May 19th. Finally, Scotiabank upped their target price on shares of Simon Property Group from $192.00 to $206.00 and gave the stock a “sector perform” rating in a research report on Tuesday, May 19th. Five investment analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $205.79.

Simon Property Group Trading Up 1.8%

Shares of NYSE SPG opened at $218.79 on Friday. The company’s 50 day simple moving average is $203.01 and its 200 day simple moving average is $193.75. Simon Property Group, Inc. has a fifty-two week low of $155.44 and a fifty-two week high of $220.44. The firm has a market capitalization of $70.95 billion, a P/E ratio of 15.20, a P/E/G ratio of 3.88 and a beta of 1.31. The company has a debt-to-equity ratio of 4.68, a current ratio of 0.84 and a quick ratio of 0.84.

Simon Property Group (NYSE:SPG) last announced its quarterly earnings data on Monday, May 11th. The real estate investment trust reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.46 by $0.02. Simon Property Group had a net margin of 70.60% and a return on equity of 104.54%. The business had revenue of $1.76 billion for the quarter, compared to analyst estimates of $1.54 billion. During the same period in the prior year, the business posted $2.95 earnings per share. Simon Property Group’s revenue was up 19.3% compared to the same quarter last year. Simon Property Group has set its FY 2026 guidance at 13.100-13.250 EPS. On average, analysts predict that Simon Property Group, Inc. will post 13.2 EPS for the current year.

Simon Property Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Tuesday, June 9th will be issued a $2.25 dividend. This is an increase from Simon Property Group’s previous quarterly dividend of $2.20. This represents a $9.00 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, June 9th. Simon Property Group’s dividend payout ratio (DPR) is currently 62.54%.

Simon Property Group Company Profile

Simon Property Group, Inc (NYSE: SPG) is a publicly traded real estate investment trust (REIT) that owns, develops and manages retail real estate properties. Its core business activities include acquisition, development, leasing and property management of regional malls, outlet centers and mixed‑use retail destinations. The company operates retail brands that include high‑profile regional shopping centers and the Premium Outlets platform, and it provides services such as tenant leasing, marketing, property operations and capital projects to optimize asset performance.

Simon’s portfolio spans a broad mix of enclosed malls, open‑air centers, outlet properties and mixed‑use developments, and the company pursues redevelopment and repositioning to adapt properties to changing consumer and retail trends.